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****investement as part ofa portfolio*** Traditionally constructed Three storey building built to provide retail to the ground floor and offices to the upper floors. Ground floor provides 173.55 m2 (1868sq.ft) A new 3-year lease of the ground floor is proposed at a rent of £30,000 per annum. The upper floors are vacant with an erv of £12,000.
The property is situated in a prime town centre location close to major retailers and Wrexham library.
Our Client is seeking a consideration of £525,000 for the Freehold interest equating to a niy of 5.46% after usual costs of purchase (a net yield of 7.46% based on erv). Alternatively, our client would consider selling the business overall and fixtures and fittings with the freehold for a consideration of £625,000.
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact PR Gibbs & Co, BL5 on +44 1942 566622 * (local rate)
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